Buy Concepts in Federal Taxation 2021, 28th Edition PDF ebook by author Kevin E. Murphy; Mark Higgins; Randy Skalberg – published by Cengage Learning in 2021 and save up to 80% compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also highlight, add text, underline add post-it notes, bookmarks to pages, instantly search for the major terms or chapter titles, etc.
You can search our site for other versions of the Concepts in Federal Taxation 2021, 28th Edition PDF ebook. You can also search for others PDF ebooks from publisher Cengage Learning, as well as from your favorite authors. We have thousands of online textbooks and course materials (mostly in PDF) that you can download immediately after purchase.
Note: e-textBooks do not come with access codes, CDs/DVDs, workbooks, and other supplemental items.
eBook Details:
Full title: Concepts in Federal Taxation 2021, 28th Edition
Edition: 28th
Copyright year: 2021
Publisher: Cengage Learning
Author: Kevin E. Murphy; Mark Higgins; Randy Skalberg
ISBN: 9780357141342, 9780357141342
Format: PDF
Description of Concepts in Federal Taxation 2021, 28th Edition:
Master the concepts behind today’s federal taxation using the balanced, conceptual approach found only in Murphy/Higgins/Skalberg’s CONCEPTS IN FEDERAL TAXATION 2021. You examine the latest tax codes and most recent changes for the current tax year using the book’s clear, straightforward approach that’s specifically crafted to help you prepare for success on the CPA Exam. You learn the unifying concepts behind the Internal Revenue Code rather than memorizing details of the Code. Concepts and applications throughout this edition appear in brief, comprehensible segments that are ideal for your CPA Exam review. In addition, meaningful examples relate concepts to familiar business scenarios with more opportunities for practice than any other book of this kind to further strengthen your understanding of federal taxation.Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Table of Contents of Concepts in Federal Taxation 2021, 28th Edition PDF ebook:
Brief ContentsContentsPrefaceIntroductionPart 1: Conceptual Foundations of the Tax LawCHAPTER 1: Federal Income Taxation-An Overview1-1: Introduction1-2: Definition and Evaluation of a Tax1-3: Major Types of U.S. Taxes1-4: Sources of Federal Income Tax Law1-5: Federal Income Tax Terminology1-6: The Audit and Appeal Process within the IRS1-7: Individual Income Tax Calculation1-8: Tax Planning1-9: Ethical Considerations in Tax PracticeCHAPTER 2: Income Tax Concepts2-1: Introduction2-2: General Concepts2-3: Accounting Concepts2-4: Income Concepts2-5: Deduction ConceptsPart 2: Gross IncomeCHAPTER 3: Income Sources3-1: Introduction3-2: What Constitutes Income3-3: Common Income Sources3-4: Capital Gains and Losses-An Introduction3-5: Effect of Accounting MethodCHAPTER 4: Income Exclusions4-1: Introduction4-2: Donative Items4-3: Employment-Related Exclusions4-4: Returns of Human Capital4-5: Investment-Related ExclusionsPart 3: DeductionsCHAPTER 5: Introduction to Business Expenses5-1: Introduction5-2: Reporting Deductions5-3: Classification of Deductions5-4: Tests for Deductibility5-5: Limited Mixed-Use Expenses5-6: Timing of Deductions-Effect of Accounting MethodCHAPTER 6: Business Expenses6-1: Introduction6-2: Business Expenses6-3: Individual Deductions for Adjusted Gross IncomeCHAPTER 7: Losses-Deductions and Limitations7-1: Introduction7-2: Annual Losses7-3: Net Operating Losses7-4: Tax-Shelter Losses: An Overview7-5: Transaction LossesCHAPTER 8: Taxation of Individuals8-1: Introduction8-2: Filing Status8-3: Deductions from Adjusted Gross Income8-4: Standard Deduction Restrictions on Dependents8-5: Calculating Tax Liability8-6: Filing RequirementsAppendix to Chapter 8Part 4: Property TransactionsCHAPTER 9: Acquisitions of Property9-1: Introduction9-2: Classes of Property9-3: The Property Investment Cycle9-4: Initial Basis9-5: Purchase of Assets9-6: Specially Valued Property Acquisitions9-7: Basis of Property Acquired by Gift9-8: Basis of Property Acquired by Inheritance9-9: Personal Use Property Converted to Business Use9-10: Basis in SecuritiesCHAPTER 10: Cost Recovery on Property: Depreciation, Depletion, and Amortization10-1: Introduction10-2: Capital Recovery from Depreciation or Cost Recovery10-3: Section 179 Election to Expense Assets10-4: Modified Accelerated Cost Recovery System (MACRS)10-5: Depletion10-6: Intangible AssetsAppendix to Chapter 10CHAPTER 11: Property Dispositions11-1: Introduction11-2: Realized Gain or Loss11-3: Character of Gain or Loss11-4: Capital Gains and Losses11-5: Section 1231 Gains and Losses11-6: Depreciation RecaptureCHAPTER 12: Nonrecognition Transactions12-1: Introduction12-2: Rationale for Nonrecognition12-3: Commonalities of Nonrecognition Transactions12-4: Like-Kind Exchanges12-5: Involuntary Conversions12-6: Sale of a Principal ResidencePart 5: Income Tax EntitiesCHAPTER 13: Choice of Business Entity-General Tax and Nontax Factors/Formation13-1: Introduction13-2: Nontax Factors13-3: General Income Tax Factors13-4: FormationCHAPTER 14: Choice of Business Entity-Operations and Distributions14-1: Introduction14-2: Operations14-3: Entity Distributions14-4: Tax PlanningCHAPTER 15: Choice of Business Entity-Other Considerations15-1: Introduction15-2: Compensation Plans15-3: Other Tax Liability Considerations15-4: International Tax AspectsPart 6: Tax ResearchCHAPTER 16: Tax Research16-1: Introduction16-2: Primary Sources of Federal Income Tax Law16-3: Secondary Sources of Federal Income Tax Law16-4: Tax Research16-5: Comprehensive Research Example16-6: Research MemorandumAPPENDIX A: Tax Return ProblemAPPENDIX B: Tax Rate Schedules and Tax TablesAPPENDIX C: Tax FormsAPPENDIX D: How to Decode the CodeGlossaryIndex
